The global secure email gateway market size was valued at USD x billion in 2021 and is poised to grow at a significant CAGR of 14.3% during the forecast period 2022-28. A secure email gateway is a form of security software that is used to keep spam and malware out of an organization's email system. It's also used to encrypt emails to safeguard their privacy. On-premises or cloud-based secure email gateways are available. They can also be a mix of on-premises and cloud-based solutions. With the current outbreak of COVID-19, the cloud-based email security market is likely to develop significantly, as enterprises provide remote work access during lockdown in several nations, resulting in increased adoption of cloud-based services and technologies. Microsoft had a 765 percent growth in monthly Teams users in Italy in only one month, according to the company. According to Google's data, the corporation blocks over 16 million COVID-19 spam emails per day. As millions of individuals operate in unfamiliar and less secure situations as a result of the epidemic, the increased use of cloud-based services is becoming a hotspot for cyberattacks.
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One of the primary factors expected to drive growth for secure email gateways during the projected period is an increase in cyber-attacks and the loss of critical information from organisations. Furthermore, the increased desire from businesses to efficiently manage data loss and decrease malware assaults is likely to drive requirement for secure email gateways around the world. Growing desire to efficiently manage demanding regulatory compliances is also expected to enhance the worldwide secure email gateway market in the coming years.
The global secure email gateway market segmentation:
- By Component: Solution and Services
- By Deployment: On-premise, Cloud and Hybrid
- By Enterprise Size: Small and Medium Enterprise and Large Enterprise
- By Industry: Banking, Financial Services and Insurance, IT and Telecommunication, Energy and Utilities, Manufacturing, Retail & E-commerce, Transportation & Logistics and Others (Education, Travel & Tourism)
North America serves as a significant hub for all of the world's leading corporations. The proliferation of IoT and the expansion of numerous end-user sectors are boosting demand for smart devices as well as mobiles in the region. Individuals, corporations, and governments are all susceptible to market-wide attacks. As a result, data security has become a top focus in the region. Furthermore, cyberattacks are on the rise in the North American region, particularly in the United States. They've hit an all-time high, owing to the fast-growing number of linked gadgets in the region. Growing investments in cybersecurity solutions as well as cyber threat detection software and platforms have been seen in the United States. Companies in the United States are implementing stricter solutions to protect data and installing fraud and threat detection programmes to find risks at an earlier stage and respond at an earlier stage as a result of increased awareness among companies ranging from small to large enterprises, resulting in an injection of funds into the industry. Horizon3.ai, a cybersecurity firm situated in California, for example, raised USD 4 million in a Series A round of funding headed by SignalFire.
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There are several industry players working in the Secure Email Gateway Market, which include Barracuda Networks Inc., Cisco Systems Inc., FireEye Inc., Fortinet Inc., Microsoft Corp., Mimecast Services Ltd., Proofpoint Inc., Sophos Ltd., Symantec Corp., Trend Micro Inc.
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